Shengtak New Material Balance Sheet Health
Financial Health criteria checks 4/6
Shengtak New Material has a total shareholder equity of CN¥1.2B and total debt of CN¥604.3M, which brings its debt-to-equity ratio to 50.6%. Its total assets and total liabilities are CN¥2.9B and CN¥1.7B respectively. Shengtak New Material's EBIT is CN¥273.8M making its interest coverage ratio 21.3. It has cash and short-term investments of CN¥241.0M.
Key information
50.6%
Debt to equity ratio
CN¥604.29m
Debt
| Interest coverage ratio | 21.3x |
| Cash | CN¥240.99m |
| Equity | CN¥1.19b |
| Total liabilities | CN¥1.67b |
| Total assets | CN¥2.87b |
Recent financial health updates
No updates
Recent updates
Why Shengtak New Material's (SZSE:300881) Earnings Are Weaker Than They Seem
Oct 31
There Are Reasons To Feel Uneasy About Shengtak New Material's (SZSE:300881) Returns On Capital
Oct 16Investors Holding Back On Shengtak New Material Co., Ltd (SZSE:300881)
Sep 25Shengtak New Material (SZSE:300881) Has Announced That It Will Be Increasing Its Dividend To CN¥0.5528
May 26Here's Why We Think Shengtak New Material (SZSE:300881) Is Well Worth Watching
May 22There May Be Underlying Issues With The Quality Of Shengtak New Material's (SZSE:300881) Earnings
Apr 29Shengtak New Material Co., Ltd (SZSE:300881) Stock Catapults 28% Though Its Price And Business Still Lag The Market
Mar 07Financial Position Analysis
Short Term Liabilities: 300881's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 300881's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥238.5M).
Debt to Equity History and Analysis
Debt Level: 300881's net debt to equity ratio (30.4%) is considered satisfactory.
Reducing Debt: 300881's debt to equity ratio has increased from 28.9% to 50.6% over the past 5 years.
Debt Coverage: 300881's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 300881's interest payments on its debt are well covered by EBIT (21.3x coverage).